Jacksonville Fl Real Estate Market Report November 2018
Almost 600 homes more on the market in November in 2018 vs 2017. Still seeing a seller's market, but the signs are showing a softening. Homes needing work are not getting scooped up as fast by investors, unless they are priced aggressively. Not to fear a crash, the sky isn't falling. Just need to keep in eye out in the new year.
You might be wondering if these numbers apply to your home, but each neighborhood is different, so if you're thinking of selling and want to know more click:
If you're a buyer and want to see what homes are available in Jacksonville, click the following link: Want to Search for Homes in Jacksonville Florida?
Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 200,000 and the other half were less than 200,000.
Month's Inventory: Based on the number of actives and homes that have sold it would take 3.40 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:
Buyers' Market: More than 7 months of Inventory
Balanced Market: From 5-7 months of Inventory
Sellers' Market: Less than 5 months of inventory
Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.
Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.
Originally Posted at: Northeast Florida Life